EFG International AG acquired a new stake in MSCI Inc (NYSE:MSCI – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,282 shares of the technology company’s stock, valued at approximately $1,278,000.
Several other institutional investors have also recently modified their holdings of MSCI. Ancora Advisors LLC acquired a new position in shares of MSCI in the 2nd quarter valued at about $27,000. Harvest Fund Management Co. Ltd acquired a new stake in MSCI during the fourth quarter worth about $30,000. Elyxium Wealth LLC acquired a new stake in MSCI during the fourth quarter worth about $34,000. Compound Global Advisors LLC purchased a new position in MSCI during the second quarter valued at approximately $34,000. Finally, Strategic Wealth Investment Group LLC purchased a new position in MSCI during the second quarter valued at approximately $36,000. 89.97% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
MSCI has been the topic of several recent research reports. Rothschild & Co Redburn set a $690.00 price objective on MSCI in a research report on Thursday, June 18th. Evercore set a $722.00 target price on shares of MSCI in a report on Wednesday, July 22nd. Weiss Ratings cut shares of MSCI from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. Raymond James Financial increased their price target on shares of MSCI from $730.00 to $760.00 and gave the stock a “strong-buy” rating in a report on Wednesday, July 8th. Finally, Morgan Stanley restated an “overweight” rating and set a $700.00 price target on shares of MSCI in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $709.50.
MSCI Stock Up 0.1%
MSCI opened at $564.39 on Thursday. The firm’s fifty day simple moving average is $579.99 and its two-hundred day simple moving average is $573.07. MSCI Inc has a 52-week low of $501.08 and a 52-week high of $644.77. The company has a market cap of $41.03 billion, a price-to-earnings ratio of 30.87, a PEG ratio of 2.15 and a beta of 1.23.
MSCI (NYSE:MSCI – Get Free Report) last released its earnings results on Tuesday, July 21st. The technology company reported $4.94 EPS for the quarter, missing analysts’ consensus estimates of $4.99 by ($0.05). MSCI had a negative return on equity of 55.19% and a net margin of 40.74%.The company had revenue of $867.00 million for the quarter, compared to analysts’ expectations of $870.71 million. During the same period in the prior year, the firm earned $4.17 EPS. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. On average, research analysts forecast that MSCI Inc will post 19.61 EPS for the current year.
MSCI Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a $2.05 dividend. This represents a $8.20 annualized dividend and a yield of 1.5%. The ex-dividend date is Friday, August 14th. MSCI’s payout ratio is presently 44.86%.
MSCI Profile
MSCI Inc is a global provider of investment decision support tools and services for the financial industry. The company is best known for its family of market indexes, which are widely used as benchmarks by asset managers and as the basis for exchange-traded funds and other passive products. In addition to index construction and licensing, MSCI offers portfolio analytics, risk models, factor and performance attribution tools, and a suite of data and technology solutions designed to support portfolio management and trading.
Beyond traditional indexing and risk analytics, MSCI has expanded into environmental, social and governance (ESG) research and ratings, offering data, scores and screening tools that help investors integrate sustainability considerations into investment processes.
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